Ontario needs crowdfunding law, prof says - News Summed Up

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Ontario needs crowdfunding law, prof says


Crowdfunding has become the go-to method of raising money for everything from product development to disaster relief, but one law professor believes Ontario is lagging when it comes to legislation governing how all those dollars are doled out. - David Freedman, Queen's University"Normally with a charity or a not-for-profit corporation, all that is worked out in advance," Freedman told CBC Radio's Ottawa Morning. Law would benefit everyoneBut Ontario has no such law, and that can lead to problems, Freedman said. "That [law] is necessary if you're dealing with a large amount of money like $15 million dollars," he said. As a matter of fact it's easier than what we have now," he said.


Source: CBC News August 20, 2018 16:07 UTC



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